Elecon Engineering Company Limited
Sundaram Mutual Fund increased its stake in Elecon Engineering from 1.29% to 1.91%, raising its shareholding from 2,898,360 to 4,279,365 shares. The value of the additional shares bought was ₹61.64 crore, based on the share price of ₹443.30.
A manufacturer of power transmission and material handling equipment serving industrial sectors across India and international markets. Elecon Engineering Company operates integrated foundry operations producing steel and non-ferrous metal components alongside its core equipment business. The company serves diverse industries requiring specialized heavy electrical and mechanical solutions for power generation, transmission, and logistics applications.
Chennai-based AMC founded in 1996 as a joint venture with BNP Paribas, now wholly owned by the Sundaram Finance Group. Manages over Rs 1 lakh crore. Strong brand in South India with equity funds that have delivered consistent long-term track records across market cycles. Sundaram Mid Cap Fund has been a flagship since the early 2000s.